Summary List Placement
In the wake of last week’s violent insurrection on the Capitol by a pro-Trump mob, some businesses are cutting ties with the Trump Organization.
On January 6, the Capitol went into lockdown as thousands of Trump supporters descended upon the building, resulting in chaos, damage, and violence. At least five people have died.
In the wake of the riot, politicians — including the Republican House Minority Leader Kevin McCarthy — have spoken out about the responsibility that the president bears for inciting violence. Prominent business leaders, including Apple CEO Tim Cook and Google CEO Sundar Pichai, also spoke out against the siege; Business Roundtable released a statement calling on the president to “put an end to the chaos.”
Platforms including Twitter and Facebook moved to ban the president’s accounts. Twitter CEO Jack Dorsey broke his silence on the ban last night, saying it sets a “dangerous precedent.”
In a historic vote on Wednesday, Trump became the first president ever to be impeached by congress twice. If he’s convicted by the Senate (a move that requires a two-thirds majority), they could vote on whether to bar him from holding office again.
But some actions have gone beyond statements: Businesses and other entities are severing their financial connections to Trump and the Trump Organization.
In the wake of the insurrection and impeachment, some groups formerly affiliated with the Trump Organization are opting to sever ties. The Trump Organization did not immediately respond to Insider’s request for comment.
Here are all of the businesses and entities that have publicly split from the Trump Organization so far.
SEE ALSO: Apple CEO Tim Cook, Microsoft President Brad Smith, PayPal CEO Dan Schulman, and other business leaders condemn the insurrection at the US Capitol: ‘sad and shameful’
New York City is ending its contracts with the Trump Organization.
Mayor Bill De Blasio said on Wednesday that New York City “will no longer have anything to do with the Trump Organization.”
Insider’s Grace Dean reported that the city had contracts with the Trump Organization to run two ice skating rinks (and a carousel) in Central Park, as well as a golf course in the Bronx.
The Washington Post reported that those contracts bring in $17 million in annual revenue for the Trump Organization.
The Professional Golf Association (PGA) pulled its 2022 championship from Trump’s Bedminster golf club.
Insider’s Julie Gerstein reports that the decision came after last week’s insurrection; board members voted to pull the plug.
In a statement to The Washington Post, the Trump Organization said it was “a breach of a binding contract and they have no right to terminate the agreement.”
Trump was reportedly more upset about no longer hosting the tournament than getting impeached for a second time.
Deutsche Bank and Signature Bank are reportedly ending their banking services for the Trump Organization.
Bloomberg reported on Monday that both banks were severing ties. In a statement to Bloomberg, Signature said “we believe the appropriate action would be the resignation of the president …read more
Source:: Business Insider